Were the Serve Robotics (SERV) CFO’s share sales routine tax-related transactions?

Yes. The footnote states the sales represent shares sold to satisfy tax withholding obligations. They relate to the acquisition of common stock upon settlement of vested RSUs under a restricted stock unit agreement, indicating a routine tax-related disposition rather than a discretionary open-market sale.

What type of equity award triggered the Serve Robotics (SERV) CFO’s share sales?

The sales were triggered by the settlement of vested restricted stock units (RSUs). The filing explains that shares of Serve Robotics common stock were sold to cover tax withholding obligations arising from this RSU settlement under a restricted stock unit agreement.

Serve Robotics (SERV) CFO disposes shares to cover RSU tax obligations

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) Chief Financial Officer Brian Read reported routine share dispositions tied to tax withholding. On May 6–7, 2026, he sold a total of 2,991 shares of Common Stock at prices of $9.26–$9.29 per share. A footnote explains these shares were sold to satisfy tax withholding obligations arising from the settlement of vested restricted stock units, rather than as discretionary open-market sales. After these transactions, Read directly held 318,567 shares of Serve Robotics common stock.

Insider Trade Summary

Net Seller: 2,991 shares ($27,780)

Net Sell 2 txns

Insider Read Brian

Role Chief Financial Officer

Sold 2,991 shs ($28K)

Type	Security	Shares	Price	Value
Sale	Common Stock	201	$9.26	$2K
Sale	Common Stock	2,790	$9.29	$26K

Holdings After Transaction: Common Stock — 318,567 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold May 6–7, 2026: 2,991 shares Sale price May 7, 2026: $9.26 per share Sale price May 6, 2026: $9.29 per share +1 more

4 metrics

Shares sold May 6–7, 2026 2,991 shares Total Common Stock sold across two transactions

Sale price May 7, 2026 $9.26 per share Open-market sale of 201 shares

Sale price May 6, 2026 $9.29 per share Open-market sale of 2,790 shares

Shares held after transactions 318,567 shares Direct ownership after May 6–7, 2026 sales

Key Terms

restricted stock unit agreement, RSUs, tax withholding obligations, settlement of the vested portion

4 terms

restricted stock unit agreement financial

"pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person"

A restricted stock unit agreement is a written contract between a company and an individual that describes a promise to deliver company shares or cash later, subject to conditions such as time-based vesting or performance targets. Think of it like a timed gift: the recipient only receives the shares if they meet the agreed conditions. Investors care because these agreements create future share issuance, affect potential dilution, corporate expenses and incentives for insiders, and influence when insiders may sell shares.

RSUs financial

"relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

tax withholding obligations financial

"shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares"

settlement of the vested portion financial

"in connection with the settlement of the vested portion of RSUs pursuant to provisions of a restricted stock unit agreement"

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 05:40 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Read Brian

(Last)

(First)

(Middle)

C/O SERVE ROBOTICS INC.

730 BROADWAY

(Street)

REDWOOD CITY

CALIFORNIA

94063

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Serve Robotics Inc. /DE/ [ SERV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		S		2,790⁽¹⁾	D	$9.29	318,768	D
Common Stock	05/07/2026		S		201⁽¹⁾	D	$9.26	318,567	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person.

Remarks:

	/s/ Jongmin Char, as attorney-in-fact for Brian Read	05/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Serve Robotics (SERV) CFO Brian Read report?

Brian Read reported selling 2,991 shares of Serve Robotics common stock. The transactions occurred on May 6–7, 2026, and were linked to tax withholding obligations from vested restricted stock units, rather than discretionary portfolio sales, according to the filing footnote.

At what prices were the Serve Robotics (SERV) shares sold by the CFO?

The reported sales were executed at prices of $9.26 and $9.29 per share. These transactions were made specifically to cover tax withholding obligations tied to the settlement of vested RSUs, per the explanatory footnote in the Form 4.

How many Serve Robotics (SERV) shares does the CFO hold after these transactions?

Following the reported sales, CFO Brian Read directly holds 318,567 shares of Serve Robotics common stock. This figure is disclosed in the Form 4 as the total shares beneficially owned after completing the May 6–7, 2026, tax-related transactions.